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November 14, 2014
Stability versus Sustainability: Energy Policy in the Gulf Monarchies
Rising populations and growing wealth have coupled with low domestic prices to propel huge increases in energy consumption within the six Gulf Cooperation Council countries, Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Oman and Bahrain. The trend of large and continuing increases in demand threatens assumptions about the sustainability of the region’s oil exports. Politically difficult reforms that moderate consumption can extend the longevity of exports, and perhaps the regimes themselves, according to a new article by Jim Krane, Wallace S. Wilson Fellow for Energy Studies.